Balsam

Overview

A rare opportunity to own a brand-new purpose-built rental building in Calgary’s prestigious Springbank Hill neighborhood. Known as Balsam, this 6-storey property will feature 131 rental units with a suite mix of 104 one-bedrooms; 18 one-bedroom + dens and 9 two-bedrooms.

This DP-ready 1.2-acre site contemplates a total gross area of 101,718 SF resulting in a net rentable area of 85,933 SF. There will be a total of 161 parking stalls (141 underground +  20 surface) and storage for 74 bicycles.

Location

The property is located in the prestigious community of Springbank Hill in SW Calgary on the corner of 17th Avenue SW and 85 Street SW affording easy access to Downtown and various amenities.

It’s positioned across the street from Aspen Landing Shopping Centre offering access to top retailers and unique, locally-owned shops and restaurants. Adjacent to the site is another major retail project under construction – Springbank Hill Market – which will feature a Calgary co-op as well as many retail, recreational and entertainment amenities.

Balsam will be situated in close proximity to multiple schools including Ernest Manning High School and Griffith Woods School as well as Rundle College Elementary Jr. and Ambrose University. Great access to transit including the 69th Street LRT Station, future LRT station planned north of the site.